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Procurement 5 Rights Redefined

Procurement & Supply Chain transformation begins here.....

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Whether private or public sector, our objective is simple. Transform Procurement and Supply Chain teams to increase presence, ROI and deliver sustainable results.

We work with your teams, roll up our sleeves and get straight to the root of fixing issues and problems. We will help you to deliver lasting change using latest process and technology innovations. 5 Rights Ltd will help you to set appropriate policy, determine the right strategy to reduce your costs, align your supplier base to meet your businesses needs. We are here to help you, from discreet sourcing projects through to comprehensive Category Management implementation and transformation – 5 Rights Ltd will deliver measurable sustainable value across your entire spend portfolio.

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Right Quality & Price

So intrinsically linked, symbiotic even - you can't have one without the other!

Buy cheap, buy twice! You get what you pay for! Cheap at half the price! and many more besides.
You can have cheap, quick and high quality, but you cant have them all at the same time!

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Right Supplier

If you want your teeth fixed go to a Dentist, if you want your hair cut go to a Barbers/ Hair stylist.

Finding the right supplier is paramount to your success. Any misalignment can be costly and not just in the price per piece part sense.

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Right Innovation

If it isn't broken, don't fix it, old school, behind the times, stuck in the dark ages, luddite even!

Procurement and Supply chain teams are now more than ever in need of being innovative, forward thinking, embracing of technology, embracing of change. In todays world to stand still is to go backwards and faster than ever!

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Right People

If your business has people, it has a culture.. and just because that's the way its always been done...

Culture is entirely within the businesses control, create and nurture a culture to attract great talent, as this is your biggest sustainable competitive advantage!

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Right Strategy

The Path to Success

Paddling faster doesn't help much if you're facing the wrong way, worse still imagine where you might find yourself if you lose your paddle! 


"The essence of strategy is choosing what not to do" - Michael Porter

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About

5 Rights Ltd was founded to achieve procurement excellence and support businesses in maximizing value from their procurement functions.

The original 5 Rights of procurement (Quality, Quantity, Place, Time, Price) have evolved to address today's challenges like global pandemics, supply chain disruptions, material shortages, and Brexit.

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At 5 Rights Ltd, we have redefined these principles to equip Procurement and Supply Chain teams with the focus and tools needed to succeed. Our approach ensures that procurement strategies align with the broader business goals, delivering meaningful value.

Founded by Ian Wood, a Chartered Procurement professional with over 20 years of experience across various industries, 5 Rights Ltd transforms Procurement teams into collaborative, effective, risk-aware, and results-driven high-performance teams. We leverage a network of trusted Associates to enhance our delivery capability.

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Procurement excellence is a journey. Contact us to learn more about our vision, strategies, and how we can help your teams succeed.

What people say...

Testimonials

Ian is an extremely capable and experienced Procurement professional whose pragmatic and personable style has generated significant results and lasting change; a pleasure to work with.

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Dr Stephen Coulson
Chief Scientist and Founder of P2i Ltd

Ian has a naturally engaging and innovative approach to to Procurement, which backed by his depth of knowledge and stakeholder engagement skills ensured that our Innovation Competition was a success and SSE's approach to Innovation rejuvenated.

Director of Procurement Operations SSE Plc

Ian is one of the most experienced, high caliber Procurement professionals I have  had the pleasure of working with - highly recommended.

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Gavin Tarrant 
Sales Director Ind-Tech Ltd

Brainstorming Session

Ian combines his passion for efficiency with excellent attention to detail. He approaches problems calmly and logically, which enables him to identify and resolve issues quickly. Ian shows natural leadership abilities which are demonstrated best when the pressure is on.

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Chris Marsh
Finance Director Enviromena

I have worked with Ian scaling greenfield procurement, Ian has a unique ability to blend strategic vison with the tactical execution required to successfully scale up Procurement and Supply Chain teams, a great approach backed up by a real depth of knowledge makes for a refreshing experience for the client and supplier – highly recommended without reservation

Ryan O'Hara
Co-Founder & Managing Director C4S Search

Ian's excellent stakeholder management, and negotiation skills led to extremely good commercial protection for the client."

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Francis Hale
Director Lathom Consulting

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©2021 by 5 RIGHTS LTD - All rights reserved

Registered in England and Wales Company No. 13841320 

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